One look at how crippled the US became, and how bent on self harm almost half of the population seems to be, it's no wonder the dollar is about to fall.
When it does, I expect our standard of living measured in real terms to fall by anywhere from 20% to 80%.
“ While a strong dollar benefits Americans in many ways, it can also hurt domestic companies that conduct a lot of their business overseas and their investors.”
Part of why China sucked in the world’s manufacturing capacity was it held down its inflation rate by printing money to keep its currency weak for decades.
It would be more accurate to say "the US exported its own inflation to China" ... now it is time to pay the price for it since "there aint no such thing as a free lunch" or TANSTAAFL.
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[ 3.7 ms ] story [ 11.2 ms ] threadWhen it does, I expect our standard of living measured in real terms to fall by anywhere from 20% to 80%.
“ While a strong dollar benefits Americans in many ways, it can also hurt domestic companies that conduct a lot of their business overseas and their investors.”
Part of why China sucked in the world’s manufacturing capacity was it held down its inflation rate by printing money to keep its currency weak for decades.